EURUSD 2016-12-12

EURUSD 2016-12-12

Euro managed to head for rebound correction early today where market still facing resistance zone 1.0630-40 which holding the downtrend pressure

As we advised last week as long as market holding below this zone, more drop yet to come toward 1.0460-80 support levels, which in turn may activate a rebound correction toward 1.0750-80 zone

From another hand, Above 1.0640 this may be the first sign of more advance toward 1.0750-80 zone

Support Resistance
Level 1 1.0530-50 1.0630-40
Level 2 1.0460-80 1.0705
Level 3 1.0360 1.0780

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